ICAI president interview summary

kapil (-) (809 Points)
Replied 26 January 2010

it means dat may exam r goin 2 be based on our articleship...??

1 Like

Vikas Kumar Gupta (Student IPCC) (408 Points)
Replied 26 January 2010

https://www.youtube.com/watch?v=SJHkMZVOejc

CA.ViVeK M ACA (ACCOUNTS DEPARTMENT) (28544 Points)
Replied 26 January 2010

Originally posted by : kapil
	it means dat may exam r goin 2 be based on our articleship...??

It is not true ...now CA course just become a campus level enviourment...

1 Like

CA.ViVeK M ACA (ACCOUNTS DEPARTMENT) (28544 Points)
Replied 26 January 2010

The may 2010 exam also we can expect the surprise question in MAFA and Cost management....

So concept building will help you...The question in the exam condition may seems to be difficult but later the suggested answers comes it will seems quite easy...

Surprise question shall be based on the concept....

I hope the interview summary is seems to be so....

Any way...those who reading this forum may be aware about the changes...Please do keep informed to the same chages to your freinds...for timely correction...

CA Hitesh Solanki (CHARTERED ACCOUNTANT) (57 Points)
Replied 26 January 2010

NICE SIR

CA SURENDRA KUMAR RAKHECHA (Practising CA at Surat) (26263 Points)
Replied 27 January 2010

All say to the students about development of "conceptual" part.

Most of the Students hardly know about the concept; specially about the subject(s) and the subject-matter(s) !!

Concept is "what you think" about the subject.

At the time of reading ask yourself- why we are reading the subject or a topic ? What is its use ?

Whether we are reading the topic/subject because it is in the syllabus !! Ask yourself.

For example; if a formula is given; try to understand who developed the formula and why ?

Whether it is really so helpful ?

So many ratio calculations are made by the students without knowing the practical use of the ratio analysis.

The Institute has rightly took remedical actions because students were almost ignoring the TRAINING/PRACTICAL part. They used to give more weightage to the coaching than practical training. Taking the undue benefits of the mind-set of the students (as the number of students increased in CA profession); many coachings classes set their coaching timing which clashed with the training time.

Since the principals were not allowing such; hence students demanded transfers. To avoid the situation; the Institute has made a ban on transfer. The tendency of the students is such that when they got training from a firm; now principal is in a position to take work from them. Previously he borne so many mistakes committed by them in the initial period of training.

What the principal should expect from the students - soonafter they are trained in a particular filed; they should be allowed to take transfers ? If it is allowed; the same situation will be faced by the students when they will qualify and start their practice.

Regarding Coaching Classes; I have seen most of the students "kill"

their time in the name of development of "skills."

Tell me; after listening a lecture for 2 hours; How much lines can you express about the topic when you are out from the class ? (I require answers from the students towards this question).

More funny situation which I found is that coaching classes undergo practical questions on Black Board/Power Point Presentation (full question is solved during class). And....students sit as if they are class Xth students (generally without any "interaction" because they are not in a position to "interrupt" when practical question is going on in the class.....)! By the time question ends; time is over !

HOW MANY QUESTIONS WOULD YOU BE ABLE TO SOLVE IN SUCH A WAY during the coaching ? What is the guarantee that these questions would be asked in the examination ?

You have to come on the basic i.e. Conceptual Part of the Subject which does not require that much time which is being spent in the name of Coaching.

(Most of the students views may be different although they feel that we spent too much time in coaching - Coaching classes views would be surely different - don't forget I am writing above when I am also engaged in Coaching).

CA.ViVeK M ACA (ACCOUNTS DEPARTMENT) (28544 Points)
Replied 27 January 2010

Originally posted by : CA SURENDRA KUMAR RAKHECHA
	All say to the students about development of "conceptual" part. Most of the Students hardly know what is concept ? Specially about the subjects !! Concept is what you think about the subject ? At the time of reading ask yourself- why we are reading the subject or a topic ? What is its use ? Whether we are reading the topic/subject because it is in the syllabus !! Ask yourself. For example; if a formula is given; try to understand who developed the formula and why ? Whether it is really so helpful ? So many ratio calculations are made by the students without knowing the practical use of the ratio analysis. The Institute has rightly took remedical actions because students were almost ignoring the TRAINING/PRACTICAL part. They used to give more weightage to the coaching than practical training. Taking the undue benefits of the mind-set of the students (as the number of students increased in CA profession); many coachings classes set their coaching timing which clashed with the training time. Since the principals were not allowing such; hence students demanded transfers. To avoid the situation; the Institute has made a ban on transfer. The tendency of the students is such that when they got training from a firm; now principal is in a position to take work from them. Previously he borne so many mistakes committed by them in the initial period of training. What the principal should expect from the students - soonafter they are trained in a particular filed; they should be allowed to take transfers ? If it is allowed; the same situation will be faced by the students when they will qualify and start their practice. Regarding Coaching Classes; I have seen mostly students "kill" their time in the name of development of "skills." Tell me; after listening a lecture for 2 hours; How much lines can you express about the topic when you are out from the class ? (I require answers from the students towards this question). More funny situation which I found is that coaching classes undergo practical questions on Black Board/Power Point Presentation (full question is solved during class). And....students sit as if they are class Xth students (generally without any "interaction" because they are not in a position to "interrupt" when practical question is going on in the class.....)! By the time question ends; time is over ! HOW MANY QUESTIONS WOULD YOU BE ABLE TO SOLVE IN SUCH A WAY during the coaching ? What is the guarantee that these questions would be asked in the examination ? You have to come on the basic i.e. Conceptual Part of the Subject which does not require that much time which is being spent in the name of Coaching. (Most of the students views may be different although they feel that we spent too much time in coaching - Coaching classes views would be surely different - don't forget I am writing above when I am also engaged in Coaching).

Thank you Mr Rakhecha for your views for the benefit of CA students....

Now there is a new generation students called coaching wirm...It surely kills your self learning power...

secondly you may be limited to that ....Many will think that it is there world. Leran own your own first, adopte systematic approach for studies....After that you should go to coaching is it is realy needed...

Coaching just like learning cycle. In the begining some one will put a hand in cycle then you will learn it later....But here always the hand of coachers....You will not get any chance....

But will fall in front of a surprise question which is set by ICAI...Because ICAI need not require such spoon feeded babies since after qualifying such student will fail to deal their clients or wrok enviourment....

Lear your way, you will commit the mistake, then correct it, just a trail and error method...You cant correct it then attend the cocahing....

CA SURENDRA KUMAR RAKHECHA (Practising CA at Surat) (26263 Points)
Replied 27 January 2010

Dear Vivek,

Thanks for the following comments :

"Learn own your own first, adopt systematic approach for studies....After that you should go to coaching is it is realy needed...

Coaching just like learning cycle. In the begining some one will put a hand in cycle then you will learn it later....But here always the hand of coachers....You will not get any chance....

But will fall in front of a surprise question which is set by ICAI...Because ICAI need not require such spoon feeded babies since after qualifying such student will fail to deal their clients or wrok enviourment....

Learn your way, you will commit the mistake, then correct it, just by trial and error method...You cant correct it then attend the cocahing...."

You have exactly narrated what I meant.

Otherwise there is no difference between "coaching" and "tuition."

What you say my dear about presently run coaching classes ?

Whether these are coaching classes or tuition classes ?

Students should refer the dictionary meaning of "Coaching" and "Tuition" and then share their views which they like the most - Coaching or Tuition ?

A lot of discussion is required if students really want POSITIVE RESULTS.

1 Like

CA.ViVeK M ACA (ACCOUNTS DEPARTMENT) (28544 Points)
Replied 27 January 2010

The ICAI had changed their mind set because of new emerged coaching institute. India had a good marketing potential for any and every thing.

Firstly there is a false feeling among the students that CA course is too difficult to crack.

Secondly there is a mind set among the students that without coaching they cant crack the course. In fact, they are making the trap for preys. The most victims of which are those who come from Just Plus 2 level.

The plus 2 students during the time of studies were in the class and they remains in the class for CA courses also. They will travel the same route for this course.

CA course is a professional course,after that you are going to deal a client or work enviourment. Requires problems solving and analthical thinking....Surely, the exam question pattern for Costing, Mafa, etc shall be based on the concept inside your book but question will be chanllenging and surprise to..Valuation also same mode...

Coaching infact a resource, plan well, else this coaching will be waste of Time and Money...

But as far as a self learner coaching may be boom as he may get a good and short cut method....This is an improvement on his own ability..

But it will be waste for those who sitting the class in the first time without touching the subject in their left hand and later think that coaching is there , after that start study and limit to it and fails in front of surprise and challenging questions which is set by the examiner...

What is you commit the mistake is in the area of taking decision, when to attend the coaching classes...

The answer is after covering the subject..

All the best

Vivek m

CA SURENDRA KUMAR RAKHECHA (Practising CA at Surat) (26263 Points)
Replied 27 January 2010

A student who undergoes tuition thinks (says) that most of the students go to the coaching(?); then if he does not go for the coaching then he will suffer.

Parents thinking is also on the same direction.

Due to this; undue benefits are "derived" by the Coaching(?) Classes.

Out of 400-1000 students; certain student gets Rank which is published in the newspapers by the "coaching"(?) classes as if this is their achievement.

Can anybody "CLAIM"; that since he was our student hence he got the rank ?

If it is acceptable then the majority of the students SHOULD ASK THEM : -

WHY DON'T YOU ACCEPT THE "BLAME" THAT MANY OF THE STUDENTS FAILED BECAUSE THEY JOINED YOUR COACHING ?

When they cannot guarantee the Passing; how can they claim that Ranker achieved the success because of their coaching !

1 Like

Krunal Raichura (Financial Advisory) (2134 Points)
Replied 29 January 2010

Thats right Surendraji. Student himself is responsible for his failure or success. I would also like to say, that this is not only limited upto coaching classes vs exam results but also ahead in life. I can see on many forums where people have given examples of a few CAs who have been successful and achieved good designation/wealth to justify their arguement against other professions/courses. Even in these cases, we should apply the same logic. Many people who have been successful are CAs, but the success has come because they have taken efforts, worked hard. It doesn't mean all CAs will be as successful as those people have been, and at the same time it also doesn't mean that CA is the best profession or something like that because even from other streams like enginnering, MBA, ordinary graduation also there are people who have had bigger achievements than any CA.

CA.ViVeK M ACA (ACCOUNTS DEPARTMENT) (28544 Points)
Replied 29 January 2010

The coaching flourishing a good business now a days and those who engaged them making money....

We cannot blamed by our cocahing system....

The exam duration is 6 month and classes need to finish of within 4 or less than 3 month period of time....

The students are hurry attitude for writing the exam quickly...

The decisions goese like this. Registering the course with the intent to write the exam in the earliest chance....

For Writing first exam which is due within 12 to 10 month they undergo coaching and after that they study very hard with the believe that all the question will suggest to the exam....

ICAI had changed the pattern of direct question to application oriented questions and good practical and lenghty question... If the same question of coaching class come you can clear...

You can realise if it was your method of study? If yes, correct it without wasting of time further...

Where was the wrong Writing the both group within 12 month from the date of registration as far as CPT stream plus 2 students .....

Develop your skills that sleeping inside you...

We require two skills One is Analythical skills and second one pertains to the logical skills Any skills which can be developed to the practise only....

If you are not allowing any time for practise and attending the coaching classed

...Sure You can write the exam repeatedly....

Set the goal before planing to Right the exam..Whether can be go for Both or Group wise Next for the beginers, need to attend the coaching classes after covering the subject...If you learned your own..Then the first track coaching may provide you to revise what you had studied plus some short cut method.........

CA SURENDRA KUMAR RAKHECHA (Practising CA at Surat) (26263 Points)
Replied 29 January 2010

THE FAULT IS ON THE INSTITUTE SIDE ALSO TO DEVELOP SUCH MALPRACTICES.

IN ONE OF MY ARTICLE "SWOT ANALYSIS OF CA PROFESSION" I HAVE WRITEEN :

Unmatched CPE Hours for Members :

It is compulsory to have 30 hours of CPE in a calendar year for a practicing member. Such types of requirement were never felt in any other profession. (That is why CA Profession is unique?).

This may be treated like a coaching.

For whom coaching should be made compulsory : for students or the members?

Do the members not have the sense to update the knowledge? If it is presumed that members are not knowing the real source of updating the knowledge then how we can expect from the students that they will have real sources of updating knowledge?

THE LINK OF ABOVE MATERIAL CAN BE REFFERED AT :

/articles/swot-analysis-of-ca-profession--3891.asp

I am also not against the Coaching but the way it is being given is in the form of Tuition. In tuition classes ; proper care is there towards students but in so-called CA coaching classes; the students remain in misconception that they have joined good named coaching hence they will get success.

Some Coaching Classes are well known for CA Coaching. In last attempt where more than 1500 students undergone CPT, the result was AROUND 10% which is much below than Institute's average. Still; 150 students passed hence it was "ACHIEVEMENT" of the coaching class ! When number is large; no wonder if 1-2 students gets Rank.

Here major benefits is derived by the students due to formation of GROUPS which I also narrated in my another article "ONE SHOT SUCCESS IN CA":

Many CA students don’t enjoy training because they do not wish to attach with a group taking it as a barrier to study. Even if it is so; sincere and disciplined students should form their own groups. To enjoy Sundays; such groups can “present” their weekly “performance” thereby each one updating all the subjects.

Make 6 students group who have interest in different subjects. Each one should prepare one subject extraordinarily so that all subjects are covered. On Sundays; they should present their reading in a Case Study Form i.e. Project Form. The words used in the books A,B,C or X,Y,Z should be eliminated and some interesting names should be taken with change in figures also. In this way; each student will have in-depth study without bearing the burden of study and present the material in an easy way. Better; if you can form a group of 12 students so that it will be more interesting to interact. This will not disturb the whole group if someone is not serious about the preparation. Immediate action should be taken to rectify the deficiencies.

THE LINK OF ABOVE MATERIAL CAN BE REFFERED AT :

/articles/one-shot-success-in-ca-4051.asp

MY APPEAL TO THE MOST BRILLIANT STUDENTS IS THAT TO FORM A GROUP AT ANY COST AND DISCUSS THE MATTERS COVERED UNDER THE SYLLABUS IN A PRACTICAL WAY.

MAKE PROJECTS ON THAT AS MBA STUDENTS PREPARE. IN THIS WAY YOU CAN ENJOY YOUR TRAINING AND STUDIES BOTH.

ANYBODY READY ?

IF YES; SHOW YOUR EAGERNESS.

FROM OUR END; WE WILL HELP THEM.

WE WANT RESULTS ; NOT ONLY DISCUSSION !